WorksheetsPART2
Total questions: 25
Worksheet time: 13mins
Powers and duties of BIR:
To assess and collect all national internal revenue taxes, fees and charges
Power to levy real property or distraint of personal property
To execute judgment in all cases decided in its favor by CTA and ordinary courts
• To enforce all forfeitures, penalties and fines connected with the above
Powers and duties of BIR:
Power to levy real property or distraint of personal property
Forfeitures
Interpret tax laws
•To execute judgments decided by courts such as arrests and seizures
Power to levy
Forfeitures
real property or distraint of personal property
Power to compromise tax assessments
ascertain the correctness of tax return, to determine the taxpayer’s liability and compliance
Decide tax cases
Decide tax cases
Summons
Decide tax cases
– In case the taxpayer files an application to compromise due to financial incapability, his application
shall be considered only if he waives his rights in writing.
Compromise
Secrecy of Bank Deposit
Authority of the BIR
Decide tax cases
Secrecy of Bank Deposit is?
the taxpayer files an application to compromise due to financial incapability, his application
shall be considered only if he waives his rights in writing.
In case of financial incapacity, the minimum compromise rate is 10% of the basic assessed tax
Abate or cancel tax liability when (a) tax or any portion appears to be unjustly or excessively assessed or (b) administration
and collection costs involved do not justify the collection of the amount due
Credit or refund taxes when erroneously or illegally received or penalties imposed without authority
process of determining the correct amount of tax due in accordance with the prevailing tax laws/
Internal revenue taxes
Assessment period
Tax Assessment
– if correct tax return was filed , assessment could be made within 3 years after the prescribed date of filing or after the
return is filed
Assessment period
Tax Assessment
Pre- Assessment Notice
Internal revenue taxes are self-assessing?
TRUE
FALSE
If no tax return was filed , or if the tax return filed was fraudulent, the assessment could be made within __ YEARS after the discovery of fraud
or false return
5
10
Pre- Assessment Notice
due process requirement in the issuance of deficiency tax assessment
taxpayer is given 15 days from date of receipt of notice for
unofficial meeting. Failure to respond will warrant endorsement of the case to Assessment Division
taxpayer is given 15 days from receipt thereof to contest the
amount being assessed
taxpayer is given 15 days from receipt thereof to contest the
amount being assessed
•Preliminary Assessment Notice
•Notice for Informal Conference
Pre- Assessment Notice
•Notice for Informal Conference
taxpayer is given 15 days from date of receipt of notice for
unofficial meeting. Failure to respond will warrant endorsement of the case to Assessment Division
taxpayer is given 15 days from receipt thereof to contest the
amount being assessed
due process requirement in the issuance of deficiency tax assessment
collection can be made within 5 years following assessment of tax
Levy of real property
Injunction
Distraint of personal property
legal claim granted to taxpayer to secure the proper payment of tax, surcharges, interest and costs on
all property subject to levy and distraint
Injunction
Tax Lien
Forfeiture of confiscated
Forfeiture of confiscated article in violation of NIRC
recovered may be rewarded to the informer
may be sold or destroyed
Requiring proof of filing of ITR
Compromise
legal claim granted to taxpayer
confiscated article in violation of NIRC
contract whereby parties, by reciprocal concessions avoid litigation or put an end
25% of basic tax for late filing, late payment and filing in wrong Revenue Office
TRUE
FALSE
60% for willful neglect to file the return on time , for filing false or fraudulent tax return
TRUE
FALSE
15 years without assessment in case of false or fraudulent return with intent to evade the tax or failure to file a return
TRUE
FALSE
Appeal to CTA – within 30 days from receipt of decision or lapse of 180 days
TRUE
FALSE
Appeal to CA – should be filed within 15 days from receipt of decision of CTA
TRUE
FALSE
Appeal to SC – should be within 10 days from receipt of decision of CA
TRUE
FALSE
Giving rewards to informers – 10% of the amount recovered may be rewarded to the informer
TRUE
FALSE
Protesting an assessment
within 30 days from receipt of notice of assessment
within 60 days from receipt of notice of assessment
within 15 days from receipt of notice of assessment
